Check out the companies making headlines in premarket trading. Nvidia —The chipmaker rose slightly after surpassing Wall Street estimates for third-quarter earnings . Nvidia reported an adjusted profit of $4.02 per share on $18.12 billion in revenue. Analysts polled by LSEG expected earnings of $3.37 per share and $16.18 billion in revenue. The company noted that export restrictions to countries including China could hit sales in the fourth-quarter, however. HP — Shares of the PC maker slipped nearly 2% after the company posted lackluster fiscal fourth-quarter results. HP earned 90 cents per share, excluding items, on revenue of $13.82 billion. Those earnings per share matched an LSEG consensus estimate, but revenue was slightly below consensus. Autodesk — The software company fell roughly 7% in premarket trading after issuing disappointing fourth-quarter earnings guidance. Autodesk expects earnings per share to range between $1.91 and $1.97. That’s below a StreetAccount forecast of $2.01 per share. Piper Sandler downgraded Autodesk to neutral, noting that “it may take time to build investor confidence” in the company’s growth forecast. GoDaddy — Shares of the web domain company rose 2.3% after RBC Capital Markets upgraded GoDaddy to outperform from sector perform. The investment firm described the company as a “durably growing cash machine with a dash of AI” and that expectations for GoDaddy in 2024 appear too low. Virgin …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Nvidia —The chipmaker rose slightly after surpassing Wall Street estimates for third-quarter earnings . Nvidia reported an adjusted profit of $4.02 per share on $18.12 billion in revenue. Analysts polled by LSEG expected earnings of $3.37 per share and $16.18 billion in revenue. The company noted that export restrictions to countries including China could hit sales in the fourth-quarter, however. HP — Shares of the PC maker slipped nearly 2% after the company posted lackluster fiscal fourth-quarter results. HP earned 90 cents per share, excluding items, on revenue of $13.82 billion. Those earnings per share matched an LSEG consensus estimate, but revenue was slightly below consensus. Autodesk — The software company fell roughly 7% in premarket trading after issuing disappointing fourth-quarter earnings guidance. Autodesk expects earnings per share to range between $1.91 and $1.97. That’s below a StreetAccount forecast of $2.01 per share. Piper Sandler downgraded Autodesk to neutral, noting that “it may take time to build investor confidence” in the company’s growth forecast. GoDaddy — Shares of the web domain company rose 2.3% after RBC Capital Markets upgraded GoDaddy to outperform from sector perform. The investment firm described the company as a “durably growing cash machine with a dash of AI” and that expectations for GoDaddy in 2024 appear too low. Virgin …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
